Cost of Living in Deephaven, MN
Population 3,835 · Minnesota · Data vintage 2023
(100 = US avg)
Deephaven's housing market reflects its status as a high-earning metro: $854,000 for a typical home, 180% above the US median, paired with household incomes around $175,441 that put it in the upper third of the state. The labor market has been unusually tight, with unemployment around 1.6% — below most comparable cities in the state.
Geographically, Deephaven sits roughly 13 miles west of Minneapolis. Median home values run roughly 147% higher than Minneapolis' $346,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Deephaven
The median home value in Deephaven is $854,000 — 180% above the national median of $305,000. The median household income of $175,441/year is 135% higher than the US median of $74,580. The local unemployment rate is 1.6%, below the national average of 4.8%. Minnesota's top state income tax rate is 9.8% and the combined sales tax is 7.4%. The climate averages highs of 55.9°F and lows of 37.4°F. Overall, Deephaven has a cost of living index of 280 versus the US average of 100, meaning it is 180% more expensive.
Deephaven has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 24 | 29 | 42 | 57 | 70 | 79 | 84 | 81 | 74 | 59 | 43 | 29 |
| Low °F | 8 | 12 | 24 | 37 | 49 | 59 | 64 | 62 | 53 | 40 | 27 | 14 |
| Precip" | 0.69 | 0.62 | 1.46 | 2.73 | 3.85 | 4.67 | 4.34 | 4.66 | 3.05 | 2.26 | 1.41 | 0.90 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Deephaven, MN?
Deephaven has a cost index of 280 (100 = national average). It is 180% above the national average.
What is the average home price in Deephaven?
The median home value in Deephaven is $854,000 according to Zillow and Census data.
What is the median income in Deephaven?
The median household income in Deephaven is $175,441 per year (2023 ACS 5-year estimates).
What is the sales tax in Deephaven, MN?
The combined state and local sales tax rate in Deephaven is 7.4%. The Minnesota state income tax top rate is 9.8%.
Is Deephaven, MN affordable?
Deephaven is above average in cost of living, with an index of 280 — about 180% higher than the national average.
What is the weather like in Deephaven?
Deephaven has average high temperatures of 55.9°F and average lows of 37.4°F. Annual precipitation is 30.6". Data from NOAA 1991–2020 Climate Normals.
Deephaven at a Glance
- Population
- 3,835
- Median Income
- $175,441
- Home Value
- $854,000
- Unemployment
- 1.6%
- Avg High Temp
- 55.9°F
- Sales Tax
- 7.4%
Nearby Cities
Explore county-level cost of living data
Minnesota Rankings
Similar Cost Cities
Cities in other states with comparable housing costs